Vena Cloud Software

Vena is a cloud-based, corporate performance management (CPM) solution that leverages native Microsoft Excel and maps existing spreadsheets, models and formulas to a secure database, eliminating the need for manual work and driving the efficiency of finance and accounting processes.

A flexible workflow engine, detailed audit trail and centrally managed business rules add a layer of security to any spreadsheet-based process, providing organizations with a single, unified, quick to deploy solution that combines the comfort of Excel with the features of an enterprise-class solution.

Vena’s process management technology features a “drag-and-drop” process designer that is fully owned by the business user. To create repeatable finance, accounting or operational processes, users input steps, review steps and report steps to the process flow and connect the arrows to define the order of operations, dependencies and completion rules.

Vena provides flexibility to set up budgets, reports and other processes as flexibly as we need.

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Ease-of-use

Usability

Functionality

Functionality

Product Quality

Quality

Value for Money

Value

Support

We were able to streamline and centrally collect data for our budgeting process, which save considerable time for the budget administrator and other admin assistants across our university. We created Board-level reporting templates that can be re-used every year to report the results of the budget process with only changes made as necessary for the format of the current reporting year. We collect forecasting information from over 330 departments and compile all the information within one template to estimate the financial outcome for the fiscal year. We have been able to include data in planning of various kinds in ways that we weren't able to by just using Excel, resulting in better planning results. We can create new planning or reporting processes and have the flexibility to save additional data input that isn't part of our ERP data. Overall, we have saved time, improved processes, created one version of the data visible to all involved in the process and created efficiencies by being able to share data across processes.

Pros

Flexibility to set up whatever process we are working on the way it needs to be set up for our business requirements. Continual improvements being done on the Vena add-in and browser administration interface. Formatting Excel templates and reports exactly as needed. Ability to pull in data from all data versions for any reporting or template. Ability to save non-financial data to use in reporting or calculations. Ability to control user input as needed to better quality data. Prompt customer service responses. Great implementation team. Administrative control over data visible to individual users. Workflows to show status for process steps and email notifications when a workflow step is ready for input or review. Once learned, allows for creation of new processes to collect or report data.

Cons

Having to download each Excel file, but once downloaded, it's easy to select the data we want to see.

Source: Capterra

Matt from Cenduit

June 2017

June 2017

Powerful tool for budgeting and forecasting

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Ease-of-use

Usability

Functionality

Functionality

Product Quality

Quality

Value for Money

Value

Support

Pros

Adaptability with Excel while still being able to use all Excel native functionality. Easy to input variables and run data rich spreadsheets

Cons

Setup time on individual templates can be cumbersome. Error messages are not very specific so you spend lots of time contacting the Help Desk.

Source: Capterra

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